Which of the Following Is the First Step in Developing

question 48

Multiple Choice

Which of the following is the first step in developing a business strategy?

• A) analyzing firm performance
• B) identifying problems or opportunities
• C) selecting and implementing a course of action
• D) diagnosing and assessing problems or opportunities

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Definitions:

Federal Executive Agency

A government body under the direct authority of the President of the United States, responsible for the execution and enforcement of laws and policies.

Department of Transportation

A government agency responsible for overseeing and regulating transportation systems and infrastructure within a country.

Procedural Rules

The guidelines that govern the process of legal proceedings within courts or administrative agencies, outlining how laws should be applied.

Internal Operations

Processes, procedures, and practices carried out within an organization to ensure its effective functioning and to achieve its goals.